NEW YORK, Feb. 8, 2024 /PRNewswire/ — The global pea protein processing equipment market size is estimated to grow by USD 67.19 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 4.65% during the forecast period. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 38%. North America emerges as the primary market for pea protein processing equipment, driven by the escalating demand for plant-based isolates, particularly among bodybuilders seeking alternatives to whey protein. These isolates find extensive applications in various food and beverage products, reflecting the growing consumer preference for healthy and sustainable options. Additionally, the utilization of pea protein concentrates in animal feed further bolsters market growth in the region.
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Senior Automotive Analyst at Technavio says, “the health and nutritional advantages of pea protein are driving significant growth in the Pea Protein Processing Equipment Market. Pea protein is rich in essential amino acids like glutamine and branched-chain amino acids (BCAA), aiding muscle development and providing stamina during workouts. Moreover, it offers various benefits such as cholesterol reduction, calcium absorption, and allergen-friendly properties, making it a sought-after ingredient in sports and clinical nutrition products, thus bolstering market demand.”
AKYUREK TECHNOLOGY, Alfa Laval Corporate AB, Alvan Blanch Development Co., Andritz AG, Buhler AG, Erich NETZSCH GmbH and Co. Holding KG, Flottweg SE, GEA Group AG, Hillenbrand Inc., Hosokawa Micron Corp., JK Machinery Sro, John Bean Technologies Corp., Jwala Techno Engineering Pvt. Ltd., Koch Industries Inc., Pollak Sala Sro, Prater Industries Inc., ProEx Food LLC, Satake Corp., SiccaDania AS, Sturtevant Inc., and Zanichelli Meccanica Spa are some major companies.
- Technavio has segmented the market based on method (wet fractionation and dry fractionation), application (food, healthcare products, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The wet fraction segment will be significant during the forecast period.
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What are the key data covered in this Pea Protein Processing Equipment Market report?
- CAGR during the forecast period
- Detailed information on factors that will drive the growth of the Pea Protein Processing Equipment Market between 2023 and 2027
- Precise estimation of the Pea Protein Processing Equipment Market size and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the Pea Protein Processing Equipment industry across North America, Europe, APAC, Middle East and Africa, and South America
- A thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Pea Protein Processing Equipment vendors
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Applications
The Pea Protein Processing Equipment industry encompasses machinery for plant-based protein processing, including protein extraction technology and food manufacturing equipment. With a focus on sustainable food production, the market caters to the growing demand for vegan protein production and protein ingredient processing in the food industry. These agricultural processing equipment facilitate efficient extraction processes, driving the expansion of the market.
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SOURCE Technavio
